Insanity

This chart (if you can see it since my previous chart has somewhat disappeared) represents the fear and insanity of the bond market. I predict the next bubble to pop will be the government debt markets. For what its worth, a low yield indicates and expensive bond. Notice the yield on the 3 month note, basically 0%. It's one expensive note. Sell expensive, buy cheap. Till next time. Also see this link for more info.

U.S. Treasuries

	COUPON	MATURITY DATE	CURRENT PRICE/YIELD	PRICE/YIELD CHANGE	TIME
3-Month	0.000	03/12/2009	0.01 / .01	0.01 / .000	12/08
6-Month	0.000	06/11/2009	0.25 / .25	-0.03 / -.030	15:15
12-Month	0.000	11/19/2009	0.44 / .45	-0.05 / -.051	15:00
2-Year	1.250	11/30/2010	100-25+ / .83	0-06+ / -.104	15:25
3-Year	1.750	11/15/2011	101-25+ / 1.12	0-09½ / -.103	15:51
5-Year	2.000	11/30/2013	101-28 / 1.61	0-18+ / -.121	15:48
10-Year	3.750	11/15/2018	109-17+ / 2.65	0-26 / -.089	15:53
30-Year	4.500	05/15/2038	128-00 / 3.05	2-07½ / -.099	15:53

1$ Gas

Who would have thunk it? Gasoline futures BELOW 1$/gal. To extrapolate the future price at the pump, add taxes and approx 10%.

Energy

	PRICE	CHANGE	%CHANGE	TIME
BRENT CRUDE FUTR (USD/bbl.)	42.900	-2.540	-5.59	13:44
GAS OIL FUT (ICE) (USD/MT)	477.250	-10.750	-2.20	13:44
GASOLINE RBOB FUT (USd/gal.)	98.810	-5.340	-5.13	13:23
HEATING OIL FUTR (USd/gal.)	152.390	-6.010	-3.79	13:24
NATURAL GAS FUTR (USD/MMBtu)	6.057	-0.290	-4.57	13:24
WTI CRUDE FUTURE (USD/bbl.)	44.100	-2.690	-5.75	13:25